Is West Creek, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, West Creek was a Seller's Market.
Key Takeaway
West Creek is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in West Creek, NJ
How much do homes in West Creek, NJ cost?
Median Sold Price
$588,500
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Creek have sold for 63.5% more than they did a year ago.
Summary: The median home sold price in West Creek was $588,500 in May 2024, up 63.5% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190.5K | $134.1K | -29.6% |
| 2 Bedrooms | $259K | $305K | +17.8% |
| 3 Bedrooms | $382.5K | $450K | +17.6% |
| 4 Bedrooms | $645.9K | $640K | -0.9% |
| 5+ Bedrooms | $350K | $950K | +171.4% |
Summary: West Creek housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.6%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 171.4%.
Median Sold Price Compared To Nearby Cities
| West Creek | $360K | $588.5K | +63.5% |
| Eagleswood Township | $349K | $425K | +21.8% |
| Long Beach Township | $1.6M | $1.7M | +10.9% |
| Stafford Township | $472.5K | $520.1K | +10.1% |
| Manahawkin | $475.3K | $515.8K | +8.5% |
Housing Supply in West Creek, NJ
How many homes are available in West Creek, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Summary: The West Creek real estate market had 21 homes for sale in May 2024, a 31.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The West Creek housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Creek, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in West Creek in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for West Creek, NJ
How long does it take to sell a home in West Creek, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 37 Days | +3.7% |
Summary: Homes in West Creek had an average of 37 days on market in May 2024, up by 3.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Creek has remained consistent over time.
Summary: During May 2024, 3 homes were sold in West Creek; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.